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    310 Forest Hill Rd Lexington, NC 27295

    Sponsored
    For Sale
    $2,000,000

    9.68 Acres, I-285 Access, $2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.68-acre commercial land parcel presents a unique investment opportunity in Lexington, North Carolina. Strategically located on 310 Forest Hill Rd, with convenient Interstate 285 access, this property boasts unparalleled visibility and accessibility for a wide range of commercial ventures. Its prime location makes it ideal for businesses seeking high traffic exposure and easy commutes for employees and customers. The expansive acreage offers significant potential for various developments, including retail spaces, business complexes, or multi-family residential projects. The asking price for this highly desirable property is $2,000,000. Detailed site surveys and zoning information are readily available upon request. This is a rare chance to acquire a substantial land holding in a thriving North Carolina market with excellent growth prospects. The property's address is 310 Forest Hill Rd, Lexington, NC 27295, situated in Davidson County. Its geographical coordinates are latitude 35.8487812 and longitude -80.2990246. Don't miss this opportunity to secure a prime location for your next commercial endeavor. Contact us today to learn more and schedule a site visit.

    Property Features for 310 Forest Hill Rd

    General Information

    Property type
    Land
    Lot Size
    421,661 SF

    HighLights

    • 9.68‑acre commercial land parcel available for sale.
    • Interstate 285 access, ideal for retail and business development.
    • Excellent location for multi‑family development.
    • $2,000,000 purchase price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2990246
    Latitude
    35.8487812

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    FAQs

    What type of property is this?
    Land - 9.68 Acres, I-285 Access, $2M
    Where is this land located?
    The property is located at 310 Forest Hill Rd Lexington, NC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 9.68-acre commercial land parcel available for sale.; Interstate 285 access, ideal for retail and business development.; Excellent location for multi-family development.
    (704) 927-2888
    Request Owner's contact information
    310 Forest Hill Rd Lexington, NC 27295
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    Lexington, NC 27295
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Forest Hill Rd Lexington, NC 27295
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